FHBC is a relatively new online brand offering services for the trading of forex and CFDs on a wide range of financial assets. The FHBC brand is owned and operated by Leverate Financial Services Limited based out of Cyprus with their headquarters located at Zavos City Center, 88 Ayias Fylaxeos, 4th Floor, Office 401, 3025 Limassol, Cyprus. FHBC follows a customer-centered business model by focusing on providing customer support and cutting-edge trading technology, always in line with its legal and regulatory obligations.
FHBC Vidoe Review
FHBC is an approved brand of Leverate Financial Services Ltd (the “LFS”), a Cyprus Investment Firm (CIF) and is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 160/11. Additionally, FHBC complies with all applicable EU and national regulations. LFS in line with MiFID II is allowed to provide cross-border investment services to EU member states following notification to its national competent authority.
FHBC brand is owned and operated by LFS, a trusted and reliable financial services firm. Therefore, traders can rest assured they are dealing with a reputable and reliable investment firm as LFS is providing its investment services consistently since 2011. As well, LFS utilizes the most advanced trading technology and employs the latest and greatest high-level security protocols and practices.
FHBC features not one, but two highly sophisticated trading platforms. The trading platforms offered are the ever popular MetaTrader 4 (MT4) platform and their very own proprietary FHBC Activ8 platform. See these two trading platforms reviewed below.
MetaTrader 4 (MT4)
The MT4 trading platform by FHBC allows traders to participate in the trading of all financial markets including forex, CFDs, and futures trading. The platform features many tools and features an active trader needs to trade, including multiple order types, advanced charting and analysis options, automated trading, and more. The platform’s interface is intuitively designed and familiar to traders as the MT4 platform is the most popular trading platform in the world.
The Activ8 trading platform is entirely web-based and can be accessed from the web browser on any computer, anywhere. Acitiv8’s trading interface is very engaging and easy to use which provides for a seamless trading experience. The platform is accommodating all types of traders by providing an array of tools and features that are easily managed. Traders have access to a wide range of technical indicators, charting tools and features, market insight tools, live news streams, an economic calendar, and much more.
FHBC Mobile Trading
FHBC provides their traders with an exclusive mobile trading application that’s available for free download from the Apple App Store and Google Play Store for iOS and Android mobile devices. The platform is called “Activ8” Mobile Trader and is the perfect platform for trading on the go. Traders have access to all of the same tools and features are seen in the Activ8 trading platform, only they have been optimized for the mobile screen.
Traders at FHBC have access to a wide array of tradeable financial instruments across the global markets including CFDs on futures, indices, metals, energy commodities, currency pairs (forex) and many other instruments. The most common type of trading at FHBC is the trading of forex. Traders have access to over 50 currency pairs including majors, minors, and exotics. Traders benefit from zero commission trading depending on the account type and trading on leverage is available for of up to 1:30 for retail clients on specified financial instruments.
FHBC does their best to accommodate all types of traders and does this by offering their clients six different types of accounts to choose from being either a Basic, Plus, Gold, Platinum, Pro, Black account. Generally, different account types offer varying trading conditions and benefits. One of the main differences is the minimum deposit required with a minimum deposit of 200 EUR for the Basic account, a minimum deposit of 1,000 EUR for the Plus account, a minimum deposit of 10,000 EUR for the Gold account, a minimum deposit of 25,000 for the Platinum account, a minimum of 100,000 for the Pro account and a minimum deposit of 1 Yard EUR for the Black account. All account types feature zero commissions and tight spreads as low as 1 pip on major currency pairs. Trading on the leverage of 1:30 (it varies per instrument according to ESMA regulation) is available on all account types and higher leverage will be granted upon account review and only upon request for recategorization as professional clients.
Commissions & Spreads
The FHBC online trading brokerages charge their fees via the spread on each trade. They do this by embedding a markup in the spread, which is the difference between the bid price and the asking price. All trades benefit from zero commissions and spreads can be as low as 1 pip on some major currency pairs. As for the fees regarding tradeable instruments other than forex, not much is known. FHBC is lacking a great deal of information and transparency when it comes to their tradeable products offered and associated fees.
Deposits & Withdrawals Options
FHBC clients can deposit and withdraw via various methods including bank transfer, Swift, E-wallet, debit/credit card or any other method of electronic money transfer (where the originator is the client) acceptable by LFS from time to time. As well, upon withdrawing funds from an account, the client must use the same method as used for depositing funds.
All clients must submit all KYC documents and information before proceeding with a deposit or withdrawal. Clients can make deposits at any time and withdrawals can be made upon filling out a withdrawal request form. The client will incur all of the associated withdrawal and currency conversion fees (where applicable). The currencies which can be deposited and withdrawn include the Euro (EUR), Great Britain Pounds (GBP), the United States Dollar (USD) and the Swiss Franc (CHF).
One good thing about the support is that customers can contact support via a variety of methods including telephone, email, fax, and live chat. Support representatives are available from 9:00-17:00 (GMT), Monday-Friday.
Pros and Cons
Excellent selection of trading platforms
Mobile trading supported
A wide array of tradable instruments
Regulated trading brokerage
Yes, as the brand is owned and operated by Leverate Financial Services Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 160/11.
Leverate Financial Services Ltd is based at Zavos City Center, 88 Ayias Fylaxeos, 4th Floor, Office 401, 3025 Limassol, Cyprus.
How does FHBC make money?
FHBC makes its money by charging traders a spread on the trades that they executed on its trading platforms.
How do I deposit in FHBC account?
You can deposit funds to your FHBC account via bank wire transfers and via debit/credit cards including Visa, Mastercard, Switch, and Maestro.
How do I withdraw money from FHBC?
Withdrawals of funds must be made through the same channel used for making the initial deposit.
How do I open an account with FHBC?
To open an account with FHBC, simply complete the registration form and submit it with all the relevant documentation for KYC and AML purposes.
Yes, FHBC is a reliable brand as it is owned and operated by Leverate Financial Services Ltd – A Cyprus Investment Firm licensed and regulated by the Cyprus Securities and Exchange Commission under license no. 160/11
Does FHBC use MetaTrader?
Yes, FHBC uses the MetaTrader 4 trading platform in addition to their proprietary web-based trading platform called Acitiv8.
The maximum leverage offered by FHBC for retail clients is 1:30 on selected underlying assets and 1:200 for professional clients.
No, FHBC is not a scam. The brand is owned and operated by Leverate Financial Services Limited.
FHBC does provide traders with a selection of sophisticated trading platforms and supports various financial markets to participate in. All in all, FHBC can be trusted to provide reliable trading services.